PROFILE OF JOHN NICK PAPPANASTOS - JUNE 1, 2005

John Pappanastos received his Juris Doctor (J.D.) from Jones Law School of Montgomery, Alabama in 1976 and was admitted to the Alabama State Bar in 1977. He was admitted to the Florida Bar on September 17, 2004.  He is admitted to practice in the state courts of Florida, the Middle District of the United State District Court for Florida and before all State and Federal courts in the State of Alabama, the Fifth and Eleventh U.S. Circuit Courts of Appeals and the United States Supreme Court.  

1973-1979: Mr. Pappanastos served as administrator of Alabama’s Judicial Retirement Fund and as the legislative and legal affairs coordinator for the Retirement Systems of Alabama [the “RSA”]. The RSA is comprised of the Employees’ Retirement System of Alabama, the Teachers’ Retirement System of Alabama, the Judicial Retirement Fund and more than 200 participating counties, towns, cities, public and quasi-public organizations.  

In 1977, he was appointed RSA's General Counsel and a Special Alabama Assistant Attorney General. As General Counsel, he had overall responsibility for all RSA litigation, rendering opinions for the Alabama Attorney General interpreting Alabama’s retirement laws, and for drafting legislation affecting the retirement system. He worked actively with the Alabama Legislature to insure passage of Retirement system bills.  

1979 -1980: On April 2, 1979, Governor Fob James appointed Mr. Pappanastos Assistant Director of the Alabama Department of Finance; and on October 4, 1979, the Governor appointed him State Finance Director, a Cabinet position reporting directly to the Governor. As State Finance Director, he acted as the administrative head of, and was responsible to the Governor for: (1) the State Budget Office and preparation of the executive budgets for education and general operations of the state; (2) the Division of Purchasing, which conducts competitive bidding for acquisition of all goods and services by the state; (3) the Division of Data Systems Management, which coordinates all computer and data system resources for the State of Alabama; and, (4) the Office of Space Management, which is responsible for leasing and assigning office space for all state Departments.  

1980-2004: Mr. Pappanastos founded the law firm of Pappanastos & Samford, P.C. in Montgomery, Alabama. Mr. Pappanastos now practices under the firm name of THE PAPPANASTOS LAW FIRM.  The practice emphasizes corporate and business law, purchase and sale of businesses, commercial litigation, creditor’s rights and commercial  collections, insurance coverage law, real estate, estate planning, probate and will contests. Mr. Pappanastos has also acted as counsel for numerous non-profit corporations in Alabama, Florida and other states participating in HUD’s Section 202 “affordable housing for the elderly” grant programs.  

Mr. Pappanastos is a member of the Alabama and Florida state Bar Associations, the Montgomery (Alabama) County Bar Association, and the Bay County (Florida) Bar Association.  He was a charter member of the Alabama Chapter of the American Inn of Court, holding the designation of “Master Bencher;” and for more than 20 years he has been a member of the Commercial Law League of America. He is rated “AV” in Martindale- Hubbell, for legal ability and ethics. He is also included in such national law lists of commercial attorneys as “The Columbia law List,” “American Lawyers Quarterly” (“ALQ”), “The Commercial Bar,” “The General Bar,” “The National List,” and “The Forwarders’ List.”  He is also a member of The International Association of Commercial Collectors.  

Mr. Pappanastos served as a member of the Board of Directors of the Montgomery County Bar Association (“MCBA”) from 1988-1990. In 1989 he served as Vice-President of the MCBA and in 1990-1991 served as its President.  

Mr. Pappanstos serves on the Board of Directors, and as General Counsel, of Alabama Real Estate Holdings, Inc. and PCH Hotels and Resorts, Inc., resort and hotel development and management firms with properties throughout Alabama , with expansion plans for the southeast and beyond.  

Mr. Pappanastos is an approved attorney for Chicago Title Insurance Company.  

Mr. Pappanastos has been married to the former Virginia (Jennie) Whitman for over 25 years. He is a member of the Greek Orthodox Church of the Annunciation of Montgomery, Alabama and has served frequently as President of its Parish Council and Chairman of the Board of Trustees of the Annunciation Foundation Trust. He is also a member of the St. George Greek Orthodox Church of Tampa Florida.   Mr. Pappanastos served a six (6) year tour in the United States Air Force Reserves and received an Honorable Discharge.